Multiple Choice
The next questions refer to the following hypothetical economy
In one year, an economy produces 100 units of capital goods, which sell for $30 each, and 200 units of consumer goods, which sell for $10 each. In the second year, 150 units of capital are produced, and sold for $20 each, while 220 units of consumer goods are produced and sold for $20 each. In the third year, 160 units of capital are sold for $30 each, and 200 units of consumer goods are sold for $20 each.
-Using chain weights,between years one and two real GDP grew by
A) 48%
B) 40%
C) 34%
D) 29%
E) 23%
Correct Answer:

Verified
Correct Answer:
Verified
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